KEC International wins New Orders of Rs. 1,028 crores

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,028 crores across its various businesses:

The Transmission & Distribution (T&D) business has secured orders for T&D projects in East Asia Pacific, Middle East and Americas:

- 500/230 kV GIS Substation order in Thailand
- 110 kV Transmission line order in Saudi Arabia
- Supply of towers in Middle East, secured by our subsidiary in UAE
- Supply of towers, hardware and poles in Americas, secured by our subsidiary, SAE Towers

The Civil business has secured an order for executing a project in the logistics segment in India.

The Cables business has secured orders for various types of cables in India and overseas.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased with the continuous inflow of orders, especially in our T&D and Civil businesses. The orders in T&D have significantly expanded our order book in the international T&D market. Our civil business has further diversified its presence with its maiden order in the logistics segment from a reputed private player. With the above orders, our YTD order intake stands at a record level of ~Rs. 19,600 crores, a robust growth of ~30% vis-à-vis last year."

Shares of KEC International Limited was last trading in BSE at Rs. 452.30 as compared to the previous close of Rs. 458.35. The total number of shares traded during the day was 6125 in over 343 trades.

The stock hit an intraday high of Rs. 458.80 and intraday low of 449.40. The net turnover during the day was Rs. 2773715.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 OrderWin Transmission Distribution Cables Civil